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Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Summary of Reportable Segments

Information about the Company’s reportable segments are as follows (in thousands):

 

 

 

Three Months Ended March 31, 2022

 

 

 

Ecommerce

 

 

Wholesale

 

 

TDA

 

 

Retail Financing

 

 

All Other

 

 

Total

 

Revenues from external customers

 

$

675,364

 

 

$

139,984

 

 

$

56,271

 

 

$

47,687

 

 

$

4,469

 

 

$

923,775

 

Gross profit

 

$

34,320

 

 

$

(2,753

)

 

$

1,806

 

 

$

44,963

 

 

$

3,304

 

 

$

81,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2021

 

 

 

Ecommerce

 

 

Wholesale

 

 

TDA

 

 

Retail Financing

 

 

All Other

 

 

Total

 

Revenues from external customers

 

$

422,308

 

 

$

118,024

 

 

$

47,587

 

 

$

 

 

$

3,199

 

 

$

591,118

 

Gross profit

 

$

31,837

 

 

$

(282

)

 

$

2,791

 

 

$

 

 

$

1,830

 

 

$

36,176

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Reconciliation Between Reportable Segment Gross Profit to Consolidated Loss Before Provision for Income Taxes

The reconciliation between reportable segment gross profit to consolidated loss before provision for income taxes is as follows (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

Reconciliation to consolidated total revenue

 

 

 

 

 

 

Total reportable segment revenue

 

$

919,306

 

 

$

587,919

 

All Other revenues

 

 

4,469

 

 

 

3,199

 

Consolidated total revenue

 

$

923,775

 

 

$

591,118

 

Reconciliation to consolidated loss before provision for income taxes

 

 

 

 

 

 

Total reportable segment gross profit

 

$

78,336

 

 

$

34,346

 

All Other gross profit

 

 

3,304

 

 

 

1,830

 

Selling, general and administrative expenses

 

 

187,994

 

 

 

109,114

 

Depreciation and amortization

 

 

7,856

 

 

 

2,594

 

Goodwill impairment charge

 

 

201,703

 

 

 

 

Interest expense

 

 

9,380

 

 

 

3,812

 

Interest Income

 

 

(3,952

)

 

 

(2,296

)

Other income, net

 

 

12,358

 

 

 

(15

)

Consolidated loss before provision for income taxes

 

$

(333,699

)

 

$

(77,033

)